Industry News
Financial Intermediaries Association Awards
The 19th annual FIA Awards reflect the views of intermediaries in terms of how they were treated by product providers under the headings product quality, service quality, relationship quality and overall satisfaction. The […]
Public-private partnerships can contribute
How public-private partnerships in the savings industry can contribute to inclusive growth Against the backdrop of the NDP vision and consequent critical actions, the SA economy has enormous unmet infrastructure demands and a […]
What keeps the LT Ombudsman awake at night? Part 1
From the Long-term Ombud’s 2016 annual report: The Assessors and Adjudicators in the Long-term Ombud’s office were canvassed about the issues that currently fall into this category. The following are some of the […]
Regulator to probe insider trading allegations
The FSB confirmed that it is investigating unusual trading in foreign exchange futures contracts after receiving a report from the Johannesburg Stock Exchange (JSE). The Regulator’s Department for Market Abuse (DMA) is currently […]
A Fallacy called FAIS Credits
FAIS Newsletter 22 from the FSB, published in December 2016, contains a very important section to assist the industry in understanding the “Credit” requirements. The following paragraph is printed in bold and highlighted: There […]
Reporting Requirements for OTC Derivatives
The Registrar of Securities Services published a draft Trade Reporting Obligation Board Notice on Over-the-Counter (OTC) Derivatives for a second round of public consultation. “Establishing a harmonised reporting framework is an important aspect […]
SAIA on Ratings Downgrades
In reaction to recent downgrades by rating agencies, the South African Insurance Association, the representative body for the short-term insurance industry expressed its grave concern about the immediate and long-term negative implications for […]
Advanced Medical Scheme Broker Training
The Council for Medical Schemes (CMS) will be hosting a one day consultative “Advanced Broker Training workshop for accredited healthcare brokers. This initiative is in response to a request by healthcare brokers who […]
Miserable Countries
No, this has nothing to places to avoid when travelling around the globe. In fact, it may well be places you wish to go to, given the poor exchange rate because of the […]
Misrepresentation of Regular Driver Details
The Ombudsman for Short-Term Insurance published an information document for the public on the importance of providing accurate “regular driver” details. The regular driver is the person who drives the vehicle most often […]
Regulatory update on Short term matters
The FSB FAIS Conference earlier this month provided the latest thinking on a number of important aspects related to the short-term industry. Binders and outsourcing Leanne Jackson pointed out that a significant risk […]
SA expats unite against proposed tax changes
Kirsten Hastings, writing for International Adviser notes that Expats working overseas have formed a Facebook group to stay abreast of developments on Treasury’s investigation into possibly taxing them. South Africans working in countries […]
CIS STATISTICS FOR 2016
The annual local Collective Investment Schemes (CIS) industry statistics for 2016 were released in February. The statistics show that the industry enjoyed strong growth in 2016, attracting net inflows of R166 billion and pushing […]
FSB’s Core Focus for Transition to FSCA
Below is a summary of a recent article by Advocate Dube Tshidi, Executive Officer at the FSB, which was published in Insurance Gateway. When the FSB becomes the Financial Services Conduct Authority (FSCA), […]
CMS Training
The Council of Medical Schemes will be running the following training from April onwards. Accredited skills programs Induction broker training Trustee induction training and Advanced broker training Each of the above has its […]
Sharemax Investigation Reopened?
Sharemax and the media never had a cosy relationship. In the early days, Deon Basson published a number of articles in which he asked searching questions which eventually led to legal action by […]
